Verition Fund Management LLC Sells 49,066 Shares of American Homes 4 Rent (NYSE:AMH)

Verition Fund Management LLC reduced its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 18.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 216,970 shares of the real estate investment trust's stock after selling 49,066 shares during the period. Verition Fund Management LLC owned about 0.06% of American Homes 4 Rent worth $8,329,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Maryland Capital Advisors Inc. purchased a new position in shares of American Homes 4 Rent in the third quarter worth $25,000. UMB Bank n.a. raised its stake in shares of American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 604 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of American Homes 4 Rent in the second quarter worth about $32,000. Assetmark Inc. increased its stake in shares of American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 790 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent in the second quarter worth $44,000. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Down 1.6 %

Shares of AMH stock traded down $0.60 during mid-day trading on Monday, hitting $37.69. The company's stock had a trading volume of 1,851,064 shares, compared to its average volume of 2,533,905. American Homes 4 Rent has a 52-week low of $33.75 and a 52-week high of $41.41. The business has a 50-day moving average price of $37.74 and a 200 day moving average price of $37.50. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 3.38 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to analysts' expectations of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Research analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent's dividend payout ratio is presently 108.33%.

Analyst Ratings Changes

A number of research analysts have issued reports on AMH shares. Mizuho boosted their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods decreased their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a research note on Wednesday, November 6th. UBS Group lifted their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Friday, August 16th. Evercore ISI upgraded American Homes 4 Rent from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Finally, StockNews.com upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and an average price target of $41.60.

American Homes 4 Rent Company Profile

AMH NYSE: AMH is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.